Financing Frequently Asked Questions

The financing of a new or used vehicle can be really difficult. However,Dundas Automotive Sales wants to simplify the process to ensure that it’s never been easier! We’re here to help you through the entire process, from top to bottom.

What is the process of applying for an auto loan?

Well, the process requires only two steps. First, simply fill out the auto loan application and submit it to us. If you’d prefer, you can call one of our representatives to set up an appointment to speak with one of our loan experts.Second, wait to receive a call back about your approval! With 99 percent of our customers approved, we have a good feeling about you!

What makes and models can I buy?

At Dundas Auto Sales, we don’t limit you to any particular make or model.

Why Finance with Dundas Automotive Sales ?

We’ve been in the business of selling top-quality used vehicles, and providing expert auto financing, for over 25 years!Throughout that time our focus has always been on providing first-rate customer service and matching the right vehicle, and right finance package, to the right people. Nobody knows better than us that the price has to be right! Unlike other car loan companies in the business, We ensure that our loan experts look at every aspect of your application to get you approved for whatever loan you’d most prefer whether that be a, used car loan, or even a bad credit auto loan. We’re in business to put you into a car and we will explain what you need to do to get approved. In every case, we will guide you and explain what’s required.

Can I apply for credit online?

You can apply for financing Simply fill out credit application.Once we get your application, we can run it almost immediately and get back to you ASAP ! It’s Quick, Easy, 100% Free and you are under No Obligations! Get Pre-Approved

How are auto finance decisions made?

Financial institutions typically take four major factors into account:

Down Payment

Vehicle specifics (model, style, age, mileage, and cost)

Application information such as income, time at current job, and time at residence

Credit history

What does your credit score mean?

Your credit score is designed to help financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it’s meant to forecast how (and if) you will pay your bills.

How can I find out more about my credit history?

You can contact either of the major credit reporting agencies below to get more specific information regarding your credit score. Each agency can provide you with a copy of your credit report, including your credit score.

Equifax

TransUnion

I have excellent credit, what can Dundas Automotive Sales do for me?

If you have excellent credit, then we can offer you highly competitive terms, reduced time and effort, and a transparent transaction, guaranteed.

I have had past credit problems, what can Dundas Automotive Do for Me ?

Our Auto Finance Specialists work hard for our customers in order to accommodate most credit profiles. Even with past problems, you will still get the credit you need, the car you want, and the respect you expect and deserve as a customer.

How much should I budget for my car payment?

The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.

What factors impact monthly payment?

Down payment, the amount financed, term (length of contract), and the annual percentage rate (the yearly cost of a loan) all affect the monthly payment.

What documents should I bring?

All buyers should bring a valid government-issued drivers license, a current pay stub, and a void cheque. Because different financing companies may require additional documentation, you will want to contact your Sales Consultant for a complete list of what you will need to buy a car from your Dundas Automotive Sales.